In the world of cryptocurrency, one of the biggest stories of the month is the reported loss of $1 billion in cryptocurrency from Binance’s stablecoin project.
Binance is one of the biggest and most popular cryptocurrency exchanges in the world. In April, it launched its own stablecoin, BUSD, which is backed by US dollars.
However, it appears that the company has been unable to account for a total of $1 billion in BUSD tokens.
At first, Binance denied any knowledge of the missing funds, but then it released a statement saying that the funds had been taken from its users’ wallets without their permission.
The incident has caused a great deal of controversy in the world of cryptocurrency, with users questioning the security of their funds on Binance.
The company has since taken steps to increase security on its platform, but it is still unclear how the funds were taken and who is responsible.
The incident has also sparked a debate about the security of cryptocurrency in general, and the level of trust that can be placed in exchanges.
For now, all we can do is wait and see how this story will unfold.
